Things aren't looking good for Sears.
The company is shutting down dozens of Kmart stores this month and two of its highest-ranking executives left this week in the midst of the key holiday shopping season.
This...
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Fears that the Big K would disappear from the retail world are overblown, says the man most responsible for causing those fears in the first place. Image source: Mike Mozart via FlickrOpens a New Window..
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Sears Holdings SHLD -0.79% CEO Eddie Lampert on Monday forcefully denied media reports the retailer is planning to shut down its Kmart stores. It’s the second time in 10 weeks the company has felt the need to reassure...
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Sears just closed dozens of stores.
The chain said in April that it would accelerate the closing of 78 stores, including 10 Sears stores and 68 Kmart stores. All but two were expected to close in late July.
Sears...
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Sears Holdings CEO Eddie Lampert has bought part of its new $750 million term loan in his latest best on the struggling retailer.
Reuters reported on Monday that Lampert, a hedge fund manager who in 2013 became CEO of...
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In a case of the old economy colliding with the new, Sears' CEO Thursday cited the advantages that upstarts like Uber, Tesla Motors and Amazon hold over old-line companies like his own in announcing a deeper fourth-quarter...
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Overcapacity and the growth of online shopping could eventually result in a "crash of sorts" among lower- and midtier shopping malls, Mark Cohen, former CEO of Sears Canada, told CNBC on Tuesday.
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A spokesman for Edward Lampert, CEO of Sears Holdings Corp., denied reports that Lampert used a pseudonym in the company's internal social networking system through which he reportedly scolded employees.
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